# Globalfoundries U.S. INC. 401(k) Plan
Source: https://planprovider.pro/companies/globalfoundries-u-s-inc-401k-plan

> Globalfoundries U.S. INC.'s 401(k) plan: 4,786 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Globalfoundries U.S. INC.

- **Sponsor EIN:** 263122131

- **Sponsor Address:** 2600 GREAT AMERICA WAY, SANTA CLARA, CA, 95054

- **Plan Type:** 401(k)

- **Total Participants:** 4,786

- **Total Assets:** $1.2B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|4,786|$1.2B|$22.8M|$49.0M|

| 2023|4,857|$1.1B|$26.2M|$54.0M|

| 2022|6,470|$1.1B|$31.2M|$69.0M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$331,389|—|$331,389|

| MMA SECURITIES LLC|INVESTMENT ADVISOR|$109,750|—|$109,750|

| MOSS ADAMS LLP|AUDITOR|$64,710|—|$64,710|

| BAKER TILLY US, LLP|Auditor|$64,710|—|$64,710|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BAKER TILLY US, LLP](https://planprovider.pro/provider/baker-tilly-us-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $570,559

- **Estimated Expense Ratio:** 0.046% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$532,359|$109,750|—|$64,710|—|

| 2023|$497,604|$106,000|$383,059|—|—|

| 2022|$476,245|$95,833|$369,612|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/globalfoundries-u-s-inc-401k-plan)

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